An automotive camshaft is a rod-like structure that consists of one or more valves attached to it. It consists of cams that are fastened to it, which push the valves connected for opening and closing operation while the camshaft rotates. This process decides the proportion of fuel-air mixture to be injected into the cylinder. An automotive camshaft performs a very crucial function in an automobile. The camshaft uses cams that push the valves connected to them for opening and closing of valves while the camshaft rotates.

Technavio’s analysts forecast the global automotive camshaft market to grow at a CAGR of 3.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive camshaft market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Automotive Camshaft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Linamar

Thyssenkrupp

Kautex

Sandvik Coromant

Nemak

Other prominent vendors

COMP Cams

Newman Cams

Federal-Mogul (Icahn Enterprises)

ElringKlinger

Edelbrock

Musashi

Market driver

Growing volume sales of automobiles, driving ICE market

For a full, detailed list, view our report

Market challenge

Expensive to replace or repair when damaged (high service expenses)

For a full, detailed list, view our report

Market trend

Development of high-performance camshafts for racing and sports cars

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of high-performance camshafts for racing and sports cars. The global automotive camshaft market is witnessing the development of latest technologies with different design configuration for different categories of vehicles. Conventional camshafts follow a consistent mechanical rotation irrespective of the variable RPM and engine load.”

According to the report, one driver in the market is growing volume sales of automobiles, driving ICE market. The global automotive market is witnessing an increase in demand and volume sales of passenger cars, especially from emerging countries (like China, Brazil, and India), which offer elevated purchasing power and have registered significant economic growth. The developed geographic regions, such as North America and Europe, are also contributing to the overall growth of the automotive industry with a high proportion of luxury sedans and performance vehicles. Growth in emerging markets, especially in BRIC countries, with ongoing industrialization and global trade activity, has been vigorous.

Further, the report states that one challenge in the market is expensive to replace or repair when damaged (high service expenses). An automotive camshaft plays a crucial role in an engine's functioning. Any potential damage to the automotive camshaft can result in the inefficient working of the engine, which can lead to catastrophic damage to the engine. Modern automobiles with ICE come equipped with camshaft position sensor that is located adjacent to the engine camshaft and monitors the position of the camshaft on a real-time basis. The automotive camshaft faces a challenge in the form of high repairing or replacement costs in the case of a malfunction. With the addition of electronic sensors, the engine is able to perform more efficiently and effectively.